[WSBAPT] Atty Referral re Investment Broker breach of contract investing savings without authority

[John Llewellyn]

Hello Mike;
My partner Courtland Shafer is a FINRA Attorney.   This is right up his alley.
Thanks,
John

John G. Llewellyn, Esq.
 Llewellyn & Shafer, PLLC
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     ATTORNEYS & COUNSELORS AT LAW
      4847 California Ave. SW, Suite 100
            Seattle, WA  98116
PH (206) 923-2889      FX (206) 923-2892

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of michael at westseattleattorney.com
Sent: Thursday, April 30, 2020 11:12 AM
To: WSBA Probate & Trust Listserve <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Atty Referral re Investment Broker breach of contract investing savings without authority

Anyone know of an attorney whom this PC can consult with?


PC:
My daughter on her own opened an account with xxx Financial Service for $50,000 with money she was saving for a down payment on a house.  Because the xxx broker knew me he assumed the money should be invested in stocks, but that was not my daughter's desire since she wanted cash when they found a house.  When she discovered that her saving account had gone down in value she asked how this could happen since she had never even talked to the broker, received a statement or notice of the purchases.  When I confronted the broker that I have known for more than 30 years he admitted to me that he had never talked to my daughter but just assumed she wanted the money invested.
She has now received a letter giving her until May 15th to agree to receive a settlement of half of the $20,000 lost or the offer will expire.  Since the trade was never authorized and no statements or notices were sent to her we just assumed xxx would make her whole.  Therefore the need of legal help - thanks Mike

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